Bajaj Finance shares fall 3% after Q2 profit rises 29%
In short
Bajaj Finance shares fell 3% on Wednesday after the company reported Q2FY27 net profit of Rs 6,367 crore, up 29% from a year earlier.
Nomura and Jefferies still have Buy ratings, but Jefferies cut its target price. 360 One WAM upgraded the stock to Buy. The report does not say how far the shares may move next.
What the reporting says
Bajaj Finance shares fell on Wednesday after the NBFC reported a 29% year-on-year rise in Q2FY27 net profit to Rs 6,367 crore. The reporting says Nomura and Jefferies kept Buy ratings, though Jefferies cut its target price, while 360 One WAM upgraded the stock to Buy. The immediate move was lower shares, but the longer-term outlook from brokerages remained mixed to positive.
Why it matters
Bajaj Finance shares dropped after the NBFC reported Q2FY27 net profit of Rs 6,367 crore, up 29% year on year. The story says Nomura and Jefferies retained Buy ratings, although Jefferies lowered its target price, and 360 One WAM upgraded the stock to Buy. The available reporting does not provide the new target price or explain the share-price decline in detail.